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An XYZ Company is considering using ABC analysis to focus attention on its most critical inventory items. A random sample of 20 items has been taken, and the dollar usages have already been calculated as shown in the table. Now you are asked to divide these items into ABC classification. Item Dollar Usage Item Dollar Usage 1 $ 9,200 11 $ 300 2 400 12 10.400 3 33,400 13 70,800 4 8.100 14 6,800 5 1,100 15 75.900 6 600 3.900 7 44,000 17 700 8 900 18 4.800 9 100 19,000 10 700 20 15,500 16 19 a) Develop an ABC classification system for the 20 items. b) Discuss, on the basis of this sample does it appear that ABC analysis will help management identify the significant few items